Landlords finally purchasing more homes than they sell
Buy-to-let landlords are buying more homes than they sell for the first time since Q1 2016, the year the government introduced the 3% stamp duty surcharge on second homes.
Buy-to-let landlords are buying more homes than they sell for the first time since Q1 2016, the year the government introduced the 3% stamp duty surcharge on second homes.
West One Loans has launched the industry’s first green second charge mortgage for landlords who own properties with an EPC rating between A and C, starting from 5.29%.
Green product choice in the buy-to-let sector has risen to its highest level, research from buy-to-let mortgage broker Mortgages For Business has found.
Despite the government’s actions to dampen buy-to-let profitability, bricks and mortal still offer far better investment returns than ISAs, Benham and Reeves analysis shows.
The cheapest buy-to-let products are being withdrawn the market, now the Bank of England has started raising the base rate.
The cost of 85% loan-to-value buy-to-let mortgages are on the rise, though investors have more products to choose from, analysis from Moneyfacts.co.uk shows.
Buy-to-let lender West One has refreshed its offering with new landlord products, rate cuts and criteria changes.
Paragon Bank has added four 5-year fixed rate mortgages to its buy-to-let range for portfolio landlords.
GetGround has expanded into Scotland, meaning investors north of the border can use the buy-to-let creation and management platform.
The lender now offers a 2-year fix at 2.65% to 65% loan-to-value, down from 2.85%. Meanwhile its standard 5-year fix has also been cut to 4.04% to 75% LTV, down from 3.24%.